The Daily times. [volume] (Richmond, Va.) 1886-1889, 1887-12-10
CREAM OF THE PRESS.
FLASHES or EDITORIAL CRITICISM
FROM YESTERDAY PAPERS.
Mr. Fairchild on Silyer-BIaine's Boom.
The ~. Y. 'Sun" on Internal Taxes The
Trust Monopoiies-Wb are Raw Ma
ferials &c

The y. y. "Sun' on internai taxes Inc
Trust MonopoIies What are Raw Ma
| teriais ?-&c.
| Secretary Fairchilds recommendation
that future purchases of silver by the
| Treasury, under the act of 1873, shall not
be actually coined into dollars, but laid
away in the form Of large bars, is in
every respect sensible and worthy OF
| adoption. Silver men cannot object TO
it, because il would continue the acquisi-
| ton of the metal by the Government TO
the same extent as now, and would in no
wise restrict the issue of silver certih-
cats, which, experience shows, are more
desired by the people than the coins they
represent, while the opponents OF silver
would be pleased with ii, because ii would
| diminish the expense TO the country for
manufacture storage, and handling OF
what they regard as a mischieyous ele-
ment Of the currency.
What the Secretary says about the
sutiicency of the present stock OF silver
| dol .ars for the needs of the country Is too
plainly true to be contrJverted. More
| than two hundred millions OF coins are
now lying in the Treasury vaults as Sc
curly for certificates 10 ali amount NIFTY
millions less Until, therefore, the issue
of certificates shall reach the amount of
dollars IN the Treasury there Is evidently
no need OF more dollars, aud II may also
be said that the amount of certificates
might be- increased many millions beyond
the total in the Treasury, both OF silver
coin and silver bullion, without danger.
" } Sun
Mr. Blaine in Europe speaks as an
American. Mr. Cleveland in America
speaks as British manufacturer, an XiOus
to be admitted without any charge TO a
share of the best aud largest market in
the world Americans who make that
market have 10 bear the expenses OF self
government, in the Nation, the States,
the counties, cities, and towns and espe-
cially in the school districts, where com
petent American ,CtcTs for the future are
trained Without contributing Il cent 10
these expenditures, British manufaciur
ers want To share In that market and TO
break down American industries by their
competition, their large capital and their
undcrpaid labor Mr. Cleveland appears
as the attorney for the British interest in
this controversy, and his words move Mr. |
Blaine to indignant protest-N T. ri !
bpne
The New York STIR has the following |
able article ON the report Of the Secretary |
OF the Treasury relating to internal reye
nue. taxes
The argument for retaining them is |
that they are all levied upon things not
of necessity, but Of luxury. They are all |
voluntary lakes. Any one can escape |
them who chooses TO do so.
" The following passage presents this |
matter a. well a. IT can be stated
go But il is not well either TO abolish or /
reduce internal revenue taxation; it is a
tax upon whisky, beer, and tobacco,
things which are in very small measures |
necessary TO the health or happiness Of
mankind. If they are necessary TO any |
unfortunate man, they are far less neces- |
sary even 10 him than are thousand |
other articles which the Government |
taxes. This tax il the least burdens lme, |
the least un Just Of all the taxes which |
government lays or can lay upon the |
people Ii shOdld not be abolished, nor /
should it be reduced if, with regard to |
the existing conditions OF labor and CAPT |
tai, sufficient reduction can be made in |
the taxation of necessary articles which |
are in the daily use of all the people. Of"
Chicago is not the only great city |
whose people are striving to prevent the |
formation of Gas Trust monopoly by |
spectators who are graduates of the |
Standard Oil school. A fight Of the same
kind is going on in ST. Louis. The Phil |
adelphia syndicate has there obtained |
control of all except one OF the local |
companies, in spite of the fact that the |
charter OF its own company provides that /
il shall not enter either a trust or pool |
and the additional fact that one of the |
absorbed companies was restrained by lis |
charter in the same way.-A Y. Tines.
The natural and acquired manufactur-
ing facilities of this country dre So supe- /
rior to those of Europe that all that is re-
quired TO make America, and especially /
the southern portion of il, the great sup /
ply workshop of the world, is the re-
mOval Of all restrictions upon trade. In |
race in which she would be as free and |
untrammeled as any of her competitors,
the experience of America proves that
she would be the winner.-AkxaHdra
Gazette
A contemporary has the following bit |
of gossip about Blaine
There is an almost pathetic side light
thrown on the condition and prospects of
Mr. Blaine's health by the concluding
words of his Paris interview Nothing |
is so mischievous,' he says, as uncer
tainty. nothing so paralyzing as doubt
This remark he applies to business, but
as the chief business he is engaged in at
present il believed to be the restoration
of his strength his words are not without
a melancholy significance"
The Sun asks What are rae mate
ridlsf" II our contemporary will turn
to the appendix of the last annual report
of its friend, Secretary Manning it will
there find definition and also tables OF !
statistics, whose preparation he person.
ally superyised which will give our con